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Suppose that a monopsony firm is the sole employer of labor in a small town. The inverse labor supply function in the labor market is

Suppose that a monopsony firm is the sole employer of labor in a small town. The inverse labor supply function in the labor market is given by w = 5 + L, where w = wage/unit and L = units of labor. The firm's marginal revenue product of labor is given by MRP = 45 - 2L. What wage the firm would pay to hire each unit of labor? Please enter the number only.

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